The Joplin Globe, Joplin, MO

Opinion

September 24, 2012

Your View: Sheer hype

NEVADA, Mo. — I cannot let the column by Donna Brazile (Globe, Sept. 10) go unanswered. She is quite loose with her statements, and in fact is full of sheer hype, rather than truth.

 She states that “Obama laid the foundation for a better economy.” Better than what, Greece? Does Ms. Brazile not understand Economics 101? You don’t solve debt problems with additional debt. And President Obama has spent more during his tenure than any previous president (and both parties are at fault). In fact, much of the blame for our current unpayable debt can be laid at the feet of Bill Clinton, under whose watch the Glass-Steagall Act was repealed. This act had successfully kept the investment banks from gambling with “our” money ever since 1933 when it was passed. On the other hand, the national debt tripled under Ronald Reagan.

We must stop overspending and rein in entitlements to address the problem of debt. Ms. Brazile is correct when she blames an “unfettered Wall Street” for being much of the problem (the “fetters” had been applied by Glass-Steagall).

She talks about job growth and the addition of 4 million jobs. She needs to learn that our government is expert at manipulating statistics to appear more favorable. The truth is that the employment-to-population ration has absolutely plummeted under Obama. More people have gone on food stamps than have found new jobs and most of those new jobs are low-wage ones. And the government no longer counts those people who have given up looking for work! And how about the government’s manipulation of the cost of living index? It no longer counts food and energy as items in your budget. This is no problem for anyone except those of us who still eat and go places.

Ms. Brazile says of Obama, “He pulled the economy away from the precipice.” I’m afraid that we are racing toward the economic cliff. If you want to be better off down the road, you had better vote for someone who has a clue as to how to turn this country around. I just wish that there was a candidate who fits that description.

Ron Jones

Nevada

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